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Virgin Galactic Reports Flight Issue to FAA
Businesswire· 2024-02-05 22:00
ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”) today announced that during routine post-flight reviews following its most recent spaceflight, ‘Galactic 06,’ the Company became aware that an alignment pin detached from the launch pylon of our mothership, VMS Eve, during flight. The Company notified the Federal Aviation Administration (FAA) on January 31 in accordance with regulations and is conducting a review in conjunction with the F ...
Virgin Galactic ‘blasting off to positive cash flow in mid-2026,' analyst says
Market Watch· 2024-02-05 15:30
Virgin Galactic Holdings Inc. is set for a major cash-flow boost when its new Delta-class spacecraft enters service in 2026, according to T.D. Cowen. In a note released Monday, T.D. Cowen analyst Oliver Chen described Virgin Galactic SPCE, -4.64% as “the new spaceline community blasting off to positive cash flow in mid-2026.”The space-tourism company recently completed the penultimate mission of its Unity spacecraft before it halts commercial operations to develop its new Delta-class spacecraft. Flights are ...
Virgin Galactic shares climb premarket after two-day slide
Market Watch· 2024-02-01 13:09
Shares of Virgin Galactic Holdings Inc. are up 3.9% in premarket trades Thursday, after sliding over the last two days.  The stock is down five of the last six days and ended Tuesday’s session down 6.8%, registering its biggest daily percentage decline since Jan. 16, when it fell 7.6%. Last week the space-tourism company completed the penultimate mission of its Unity spacecraft before it halts commercial operations to develop its new Delta-class spacecraft. Related: Virgin Galactic’s stock rises after Tr ...
Why Virgin Galactic (SPCE) Outpaced the Stock Market Today
Zacks Investment Research· 2024-01-30 00:01
Virgin Galactic (SPCE) closed the latest trading day at $1.92, indicating a +1.59% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.The company's stock has dropped by 22.86% in the past month, falling short of the Aerospace sector's loss of 4.16% and the S&P 500's gain of 2.5%.Analysts and investors alike will be keeping a close eye on the performance of Virgin Galactic in its upcoming ...
Is Virgin Galactic Stock a Buy?
The Motley Fool· 2024-01-29 10:45
Virgin Galactic (SPCE -3.08%) isn't just trying to build a space business, it is trying to build a space business for the average Joe. That is, for the average Joe who can afford to spend a reported $500,000 or so on space travel, which limits the target audience a great deal. Still, this is an audacious goal and the company reached an important milestone in the effort in 2023. But that first milestone isn't enough to make this stock a buy. Here's what potential investors need to know.Virgin Galactic takes ...
Virgin Galactic Completes 11th Successful Spaceflight
Businesswire· 2024-01-26 18:41
ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”) today announced the completion of its first spaceflight of 2024 and 11th mission to date. Today’s ‘Galactic 06’ flight marked the first time all four seats aboard VSS Unity were occupied by private astronauts. Michael Colglazier, CEO of Virgin Galactic, said: “ Today the incredible team at Virgin Galactic supported another successful mission and delivered an unforgettable experience for ...
Virgin Galactic shares fall ahead of penultimate Unity spacecraft mission
Market Watch· 2024-01-24 20:11
Virgin Galactic Holdings Inc. is preparing for the penultimate mission of its Unity spacecraft before it halts commercial operations to develop its new Delta-class spacecraft.The flight window for the Galactic 06 mission opens at 12 p.m. Eastern time on Friday. The space-tourism company’s 11th mission will carry four private astronauts into space — two from the U.S., one from Austria and one with U.S. and Ukrainian nationality, according to Virgin Galactic SPCE, -3.59%. Related: Virgin Galactic’s stock rise ...
Virgin Galactic (SPCE) Rises Higher Than Market: Key Facts
Zacks Investment Research· 2024-01-24 00:06
Virgin Galactic (SPCE) ended the recent trading session at $2.09, demonstrating a +1.95% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.29%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.43%.Coming into today, shares of the company had lost 21.15% in the past month. In that same time, the Aerospace sector lost 3%, while the S&P 500 gained 2.08%.The investment community will be paying close attention to the earnings ...
Space stocks slide, led by Virgin Galactic
Market Watch· 2024-01-19 17:59
Space stocks are sliding Friday, led by Virgin Galactic Holdings Inc., which is down 5.4%.The space tourism company is on pace to extend its losing streak to two days and register its biggest single-day percentage decline since Tuesday, when it fell 7.6%. Virgin Galactic SPCE, -4.13% is currently down 5 of the last six days.Shares of Intuitive Machines Inc. LUNR, -1.56%, which is preparing for the launch of its first commercial lunar lander, are down 2%. The stock is also on pace to extend its losing streak ...
Virgin Galactic (SPCE) Ascends While Market Falls: Some Facts to Note
Zacks Investment Research· 2024-01-18 00:21
Virgin Galactic (SPCE) ended the recent trading session at $1.96, demonstrating a +0.51% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.56% for the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.59%.The the stock of company has fallen by 26.14% in the past month, lagging the Aerospace sector's loss of 3.59% and the S&P 500's gain of 1.2%.Analysts and investors alike will be keeping a close eye on the performance of Virg ...